The Lords Work INC FY2022 filing

Tax-deductible

Waco, TX501(c)(3)ReligionEIN 85-3751547Revenue $301K in FY2022

On file with the IRSthelordswork.org963 Sh-340 Loop S, 76706-0000 · Waco, TXTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the lord's Work is to be a faith-based organization serving local and international communities by engaging in a broad range of strategies that promote development, license and ordain ministers of the gospel, provide religious, charitable, and humanitarian services, support missions and to also engage in activities which are necessary, suitable, or convenient for the accomplishment of that purpose.

501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $155K a year · 49% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
41%
of spending
Concern: 41% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 25.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$301K
+344% vs prior year
Spent
$71K
To programs
41%
Net assets
$229K
By yearFY2021–FY2024
Revenue
$301K
FY2022▲ +344%
Tap a bar for its year
Revenue by fiscal year
FY2021$68K
FY2022$301K
FY2023$531K
FY2024$369K
Expenses
$71K
FY2022▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2021$50K
FY2022$71K
FY2023$274K
FY2024$255K
Net assets
$229K
FY2022▲ ×13
Tap a bar for its year
Net assets by fiscal year
FY2021$18K
FY2022$229K
FY2023$486K
FY2024$600K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

41 cents of each dollar spent went to programs.

Program services 41% · $29K Management & general 59% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See The Lords Work INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Promotes development and provides religious, charitable, and humanitarian services locally and internationally.

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Provided by the organization

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3 programs · $16K · in their own filed words · FY2022
01

The lords work hosts semi-annual conferences that unite men with shared beliefs and goals and provides guidence on topics of spirituality, stewardship, and faith strengthening.

$8Kprogram expense
02

The lord's work offers a micro-loan program for impoverished individuals in the foreign areas of mombin-crochu, haiti / oelek, uganda / bassa, & margibi, liberia /VIJAYAWADA, india / and areas in the democratic republic of the congo.

$7Kprogram expense
03

The lords work operates a resale shop that takes in donated items and resales them with the profits going toward the support of the hospice house

$908program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $192K · 2021–2024
Our Hospice HouseTX · FY2024$185,529
Unitemized GrantFY2021$6,692

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$301K
Ln 12
Other incomeLn 4–11$175K
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$23K
Money outPt IX
$71K
Ln 25
Programscol B$29K
Managementcol C$42K
Owns and owesPt X
$229K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$23K
Investment incomeLn 3$4K
Other incomeLn 4–11$175K
Gains on assetsLn 7$4K
Total revenueLn 12$301K
Assets in detailPt X, end of year
CashLn 1$149K
Cash and savings togetherLn 1–2$149K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$12K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.8M
Net assetsLn 32$229K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$9K$149K
Land, buildings, equipmentLn 10c$2.4M$2.8M
Total assetsLn 16$2.8M$3.0M
LiabilitiesLn 26$2.7M$2.8M
Net assetsLn 32$18K$229K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants to domestic individualsLn 2$2K$2K
Grants and assistance to foreign recipientsLn 3$3K$3K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$657$657
Office expensesLn 13$137$137
OccupancyLn 16$270$270
TravelLn 17$62$62
Conferences, conventions and meetingsLn 19$8K$8K
Other expenses (24a–d)Ln 24$18K$13K$4K
All other expensesLn 24e$2K$784$978
Total functional expensesLn 25$71K$29K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $369K$255K$114K$600K 990 PDF
FY2023 $531K$274K$257K$486K 990 PDF
FY2022 Viewing $301K$71K$230K$229K 990 PDF
FY2021 $68K$50K$18K$18K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $300,906 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $99,371$98,301
I-9 Program service revenuePrior year $7,596$23,275
I-10 Investment incomePrior year $0$4,241
I-11 Other revenuePrior year −$39,201$175,089
I-12 Total revenuePrior year $67,766$300,906
I-13 Grants and similar amounts paidPrior year $16,007$6,287
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $34,159$64,740
I-18 Total expensesPrior year $50,166$71,027
I-19 Revenue less expensesPrior year $17,600$229,879
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $300,906 across 7 lines filed
VIII-1f All other contributions, gifts and grants$98,301
VIII-1h Total contributions, gifts and grants$98,301
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,275$23,275
VIII-6 Net rental income or lossRelated to mission −$24,911−$24,911
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,241$4,241
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $200,000$200,000
VIII-12 Total revenueRelated to mission $2,605 · Unrelated business $0 · Excluded from tax $200,000$300,906
Part IX · Statement of functional expenses $71,027 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $1,200$1,200
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-3 Grants and assistance to foreign recipientsPrograms $3,087$3,087
IX-11b Legal feesManagement $26,373$26,373
IX-11c Accounting feesManagement $10,187$10,187
IX-12 Advertising and promotionPrograms $657$657
IX-13 Office expensesManagement $137$137
IX-16 OccupancyPrograms $270$270
IX-17 TravelPrograms $62$62
IX-19 Conferences, conventions and meetingsPrograms $7,563$7,563
IX-24 Other expenses (24a–d)Programs $13,412 · Management $4,317$17,729
IX-24e All other expensesPrograms $784 · Management $978$1,762
IX-25 Total functional expensesPrograms $29,035 · Management $41,992 · Fundraising $0$71,027
Part X · Balance sheet $3,037,666 assets, 7 lines filed
Asset lines not itemized here account for $30,465; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,369$149,414
X-10c Land, buildings and equipment, netStart of year $2,435,944$2,845,725
X-15 Other assetsStart of year $280,339$12,062
X-16 Total assetsStart of year $2,755,278$3,037,666
X-26 Total liabilitiesStart of year $2,737,678$2,808,330
X-32 Total net assets or fund balancesStart of year $17,600$229,336
X-33 Total liabilities and net assetsStart of year $2,755,278$3,037,666
Part XI · Reconciliation of net assets $229,336 net assets at year end
XI-1 Total revenue$300,906
XI-2 Total expenses$71,027
XI-3 Revenue less expenses$229,879
XI-4 Net assets at start of year$17,600
XI-8 Prior period adjustments−$18,143
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$229,336

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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